
Monterey, California 93940
This Sophisticated Penthouse Residence is a Prime Investment Opportunity, listed at $639,000—positioned well below the $664,439 Fair Market Value by 3%. This valuation gap provides $25,439 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the former builder’s model features custom cabinetry, stone countertops, and a private deck with elevated greenbelt views. Residents enjoy resort-style amenities and proximity to Foothill Elementary School. This refined home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey coastal lifestyle with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 112 Quail Run Court Subject | $639,000* List Price | 2 | 2 | 1,088 | $611 | - |
A 241 Quail Run Court Sold | $600,000 | 2 | 2 | 1,088 | $551 | 0.0 mi |
B 640 Pheasant Ridge Road Sold | $605,000 | 2 | 2 | 1,088 | $556 | 0.1 mi |
C 730 Pheasant Ridge Road Sold | $600,000 | 2 | 2 | 1,056 | $568 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988, this property has been thoughtfully updated with high-end finishes. The kitchen features modern shaker-style cabinetry, stone countertops, and designer stainless steel appliances. While the bathrooms show slightly older custom renovations, the entire home is well-maintained and move-in ready, fitting the 5-15 year renovation profile.
As the former builder's model, this penthouse features high-end custom cabinetry, stone countertops, and designer appliances that offer a level of sophistication rarely found in the complex.
The top-floor positioning ensures maximum privacy, abundant natural light, and a premier vantage point with no neighbors living above.
Residents enjoy access to a comprehensive suite of amenities including a clubhouse, pool, hot tub, and tennis courts, providing a resort-like lifestyle.
The monthly association fee of $619 represents a significant recurring carrying cost that may impact affordability for some buyers.
The property is zoned for a middle school with a lower rating (3/10), which may be a consideration for families prioritizing high-performing educational districts.
For the first time on the market since the development of The Oaks, this exceptional penthouse residence, originally the builders model home, represents the pinnacle of the community. Ideally positioned within Del Rey Oaks, the home has been thoughtfully enhanced over the years with numerous high-end, custom upgrades. The interior showcases custom cabinetry, stone countertops and designer appliances, creating a refined yet functional living environment. Elevated finishes and attention to detail carry throughout, offering a level of quality and sophistication rarely found within the complex. As a top-floor unit, the residence enjoys added privacy, abundant natural light, and a premier vantage point. Residents enjoy access to a full suite of community amenities, including a clubhouse, pool, hot tub, and tennis courts, enhancing both lifestyle and convenience. The property also includes two parking spaces, one covered and one uncovered, located directly in front of the unit for ease of access. A rare opportunity to own one of the most distinguished homes in The Oaks, combining location, quality, and long-term pride of ownership.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 4.4 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,088 | 1,003.5 | 65% |
| Lot Size | - | - | 50% |
| Price | $639.0K | $602.5K | 62% |
| Price per sq ft | $587 | $661 | 35% |
| Built year | 1988 | 1977 | 69% |
| HOA | $619.0 | $619 | 50% |
| Days on market | 2 | 187 | 4% |
Apr 20, 2026
$639,000
Initial Listing